FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6729. Upside recovery in the pair was halted by strong static 1.6740 level for now, with hourly indicators looking a bit exhausted at this point, suggesting won't be an easy level to break; with no upside momentum, corrective movements likely to be triggered under 1.6700, with 1.6640/60 area as immediate support to consider, also an ascendant trend line.
Strong rebound past Tuesday at 1.6000 suggest buyers are gathered around that level, so pair reaction around that zone will be key to define this week trend: another strong rebound around that zone, will confirm further rises, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.6700 1.6650 1.6600. Resistance levels: 1.6740 1.6790 1.6840.